Allsop raised c. €89.5m at its November residential auction, representing its largest sale since February 2018.
With more than 500 lots on offer, the auction was delivered over three days and resulted in a success rate of 84%, with 13 lots having sold for more than €1.15m.
Richard Adamson, partner and residential auctioneer at Allsop, said: “We are delighted with the results of our latest residential auction, our largest and most successful since February 2018. Once again, we’re seeing the volume of supply and demand for income-generating and value-add opportunities, reflecting an eagerness within the market for well-priced stock. With every auction sale, we can provide more and more insight into trends in the market, and into how our buyers and sellers can best find value – and we look forward to continuing to build on that over the coming months including our last sale of 2023 in December.”
Residential auction highlights include: freehold terrace building with three flats vacant in Willesden, London, sold for €1.54m; freehold mid terrace house in Forest Gate, London, sold for €554,746, two freehold buildings, internally arranged to provide a total of fifteen studio flats, in Kentish Town, London sold for €2.32; share of freehold contained first floor flat in South Kensington, London, sold for €820,300; freehold semi-detached building, internally arranged as nine self-contained flats in Hampstead, London, sold for €1.66m
Allsop’s next residential auction will take place via live stream on 14 December 2023.
Image provided by SECNewgate.